Dubai Municipality has launched an innovative platform that showcases and facilitates collaborative investment opportunities for the private sector valued at approximately AED576.3 million.
The platform will facilitate private sector investors to suggest joint projects with Dubai Municipality or to apply for existing collaborative investment opportunities. This platform offers a simplified and clear approach for the assessment and approval of proposals, thereby saving time and reducing complexities for investors, according to WAM. The launch of the new platform is a step towards improving the procedures of the Municipality and creating a single point of access for private-sector collaborations. This initiative supports the effective administration of the Municipality’s financial resources and assets and promotes sustainable development within the emirate.
Najib Mohammed Saleh, Director of Commercial Affairs and Investment Department at Dubai Municipality, said, “Dubai Municipality’s new online platform raises the visibility of investment opportunities offered to the private sector and efficiently manages all aspects of the investment process, including proposal submission, evaluation of opportunities, approvals and signing of contracts. The platform is consistent with the Municipality’s belief that the private sector is a valuable partner in ensuring the best possible utilisation of its diverse assets. The initiative supports our broader strategy to contribute to realising the goals of the Dubai Economic Agenda D33 to consolidate the emirate’s status as one of the world’s top three cities and raise its global competitiveness over the next decade.
“The platform provides investors the tools needed to evaluate investment opportunities proposed by the Municipality and apply for them as well as suggest new investments. The platform also facilitates the speedy renewal of contracts,” he added.
The platform features an electronic system that enables both domestic and foreign investors to monitor the implementation and documentation of the investment process. The online platform significantly reduces the steps and time involved in application, evaluation and approval procedures. The easy-to-access platform seeks to provide opportunities for private sector investors, especially young entrepreneurs, to develop their projects and ideas and take advantage of the attractive investment avenues offered by the Municipality.
The platform will help the various organisational units and committees related to the investment process simplify governance procedures. It will also generate reports on investment opportunities and revenues, and provide accurate and up-to-date data that can support decision-makers. The platform will help the Municipality raise its efficiency, efficiently utilise resources and maximise yields and revenues. Investors both in the UAE and overseas can take advantage of opportunities displayed on the platform. The new platform can be accessed on Dubai Municipality’s website.
